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FxWirePro: GBPJPY breaks minor trend line resistance, trend reversal only above 130.55.

Mar 20, 2020 09:06 am UTC| Technicals

Ichimoku Analysis (Hourly chart) Tenken-Sen- 128.28 Kijun-Sen- 127.29 GBPJPY continues to trade strong after forming a temporary bottom around 123.99. The pound sterling has shown a massive recovery of...

FxWirePro: Silver jumps above $13.00 mark in European hours, faces immediate resistance at $13.28 mark

Mar 20, 2020 08:41 am UTC| Technicals

XAG/USD is currently trading around $12.86 marks. It made intraday high at $13.02 and low at $11.99 levels. Intraday bias remains bullish for the moment. A daily close above $12.90 will test key resistances...

FxWirePro: USD/ZAR rejects key resistance at 17.54 mark, short term trend reversal likely

Mar 20, 2020 08:29 am UTC| Technicals

USD/ZAR is currently trading around 17.16 levels. It made intraday high at 17.45 and low at 17.15 levels. Intraday bias remains bearish till the time pair holds key resistance at 17.54 mark. A daily close...

FxWirePro: USD/DKK eases from 3-year peak, good to sell on rallies

Mar 20, 2020 08:18 am UTC| Technicals

The Danish Krone nudged up, retreating from an over 3-year trough hit in the previous session as the greenback plunged from recent highs. USD/DKK is trading 0.9 percent down at 6.9218, having hit high of 7.0150...

FxWirePro: Sell US dollar index on rallies 

Mar 20, 2020 07:39 am UTC| Technicals

Chart pattern- Bearish divergence DXY is trading higher for the past 2-weeks and hits 3-year high. US Fed QE is in record pace to counter coronavirus impact on economic growth. The central bank cuts rates to zero and...

FxWirePro: Chinese yuan strengthens as PBoC keeps Loan Prime Rate unchanged at 4.05 pct

Mar 20, 2020 07:11 am UTC| Technicals

USD/CNY is currently trading around 7.0667 marks. It made intraday high at 7.1082 and low at 7.0582 levels. Intraday bias remains bearish till the time pair holds key resistance at 7.1057 mark. A sustained...

FxWirePro: AUD/USD extends gains, 'Spinning Top' and 'Bullish Divergence' raise scope for upside

Mar 20, 2020 06:36 am UTC| Technicals Research & Analysis

AUD/USD chart - Trading View AUD/USD was trading 2.56% higher on the day at 0.5889 at around 06:15 GMT, bias is turning slightly bullish. The pair has bounced off from fresh multi-year lows on Thursdays trade with a...

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